Shell plc Completes Strategic Share Buy-Back Initiative
Transaction in Own Shares
The Company announces a significant purchase of shares aimed at enhancing shareholder value. This strategic initiative intends to reduce the number of outstanding shares, thereby potentially increasing the earnings per share for existing shareholders.
Details of the Share Purchase
On a recent date, Shell plc purchased a total of 840,000 shares for cancellation, an action that underscores the Company’s commitment to returning capital to its investors. Additionally, purchases were also made on various trading venues.
Breakdown of the Share Purchases
The details related to the share purchases are as follows:
- Date of Purchase: Various dates around the end of October 2024.
- Shares Purchased: A total of 840,000 shares with prices ranging from £25.1600 to £25.7650.
- Trading Venues: Shares were purchased both on-market and off-market, across notable venues such as LSE and Chi-X.
Initiative Overview
This buy-back programme aligns with Shell plc’s strategy to optimize its capital structure. The Company is committed to conducting these transactions under the guidance of its appointed trading advisor, Citigroup Global Markets Limited, who will manage these trades independently.
Shell will continue this programme, adhering to the regulations governing share buy-backs, ensuring compliance with both EU MAR and UK MAR guidelines.
Trading Parameters and Compliance
The share buy-back initiative is crafted within pre-set parameters, allowing for efficient execution while respecting the regulatory framework. As stipulated, all operations will comply with UK Listing Rules and relevant market abuse regulations.
Implications for Shareholders
For shareholders, this strategic move reflects the Company’s strong financial position and its focus on delivering sustainable returns. This initiative is part of a broader effort to enhance shareholder value, reinforcing confidence in Shell’s long-term strategy and market presence.
Future Outlook
As Shell progresses through this share buy-back programme, the Company's management remains optimistic about its ability to navigate the market challenges while continuing to deliver value to shareholders.
Contact Information
For additional information regarding this transaction, media inquiries can be directed to:
Media International: +44 (0) 207 934 5550
Media Americas: +1 832 337 4335
LEI number of Shell plc: 21380068P1DRHMJ8KU70
Classification: Acquisition or disposal of the issuer's own shares
Frequently Asked Questions
What is the purpose of the share buy-back by Shell plc?
The primary purpose of the share buy-back is to enhance shareholder value by reducing the number of outstanding shares.
Which trading venues were involved in the share purchases?
The share purchases were executed on various trading venues, including LSE and Chi-X.
How many shares did Shell plc purchase in total?
Shell plc purchased a total of 840,000 shares for cancellation.
Who will manage the trading decisions for this buy-back programme?
Citigroup Global Markets Limited will independently manage the trading decisions related to this buy-back programme.
What regulatory frameworks govern this buy-back initiative?
The buy-back programme is conducted in accordance with UK Listing Rules and the Market Abuse Regulations.
